0xAcid TVL Commit to the sACID Vault of 0xAcidTrip

We ask the 0xAcid Treasury to commit 420 ACID tokens to the sACID Auto-Compounding Vault. This commitment aims to generate sustainable buy pressure for ACID, reduce the circulating supply, maximize compounding interest, and enable the ACID treasury to farm the TRIP airdrop for distribution to all ACID holders.

Objectives:

-> Create sustainable buy pressure for ACID: By committing ACID tokens to the sACID Vault, we increase demand for ACID in the market, which can contribute to the token's price appreciation.

-> Reduce circulating supply: The committed ACID tokens will be locked in the sACID Vault, effectively taking them out of circulation. This reduction in supply can create a scarcity effect, potentially driving the value of ACID higher.

-> Maximize compounding interest: The sACID Vault's primary focus is on staking ACID to receive wstETH bond dividends and reinvesting wstETH to obtain more ACID for further staking. The vault can generate greater long-term gains by continuously compounding the returns, benefiting all ACID holders.

-> Enable farming of TRIP airdrop: The commitment of ACID to the sACID Vault allows the ACID treasury to participate in the farming of the TRIP airdrop. The TRIP tokens acquired through farming can be distributed to all ACID holders, providing additional value to the community.

How does the sACID vault work?

The sACID Auto-Compounding Vault focuses on the following: -> Staking ACID to receive wstETH bond dividends. -> Reinvesting wstETH to obtain ACID and staking it again.

Links -> Website: https://0xacidtrip.com/ -> Twitter: https://twitter.com/0xAcidTrip -> Docs: https://docs.0xacidtrip.com/

By implementing this proposal, we aim to tight connections of both communities, expand the 0xAcid ecosystem and set the project for success with more vaults like sLSDOGE and for Locked $ACID